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We invite you to listen to us on great radio stations across the region on the Radio Oklahoma Network weekdays- if you missed this morning's Farm News - or you are in an area where you can't hear it- click here for this morning's Farm news from Carson Horn on RON.
 Let's Check the Markets!
OKC West is our Market Links Sponsor- they sell cattle three days a week- Cows on Mondays, Stockers on Tuesday and Feeders on Wednesday- Call 405-262-8800 to learn more.
OKC West sold feeder steers mostly 2.00-3.00 lower and heifers sold for 5.00-8.00 lower on Wednesday- click or tap here to read the full report from USDA Market News
FedCattleExchange.com offered 1,246 head Wednesday with 0 cattle actually selling. Click here to see their complete market results.
Today's First Look:
mornings with cash and futures reviewed- includes where the Cash Cattle market stands, the latest Feeder Cattle Markets Etc.
Each afternoon we are posting a recap of that day's markets as analyzed by Justin Lewis of KIS futures- click or tap here for the report posted yesterday afternoon around 3:30 PM.
Okla Cash Grain:
Futures Wrap:
Feeder Cattle Recap:
Slaughter Cattle Recap:
TCFA Feedlot Recap:
Our Oklahoma Farm Report Team!!!!
Ron Hays, Senior Farm Director and Editor
Carson Horn, Associate Farm Director and Editor Pam Arterburn, Calendar and Template Manager Dave Lanning, Markets and Production
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Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Thursday, October 11, 2018
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Howdy Neighbors!
Here is your daily Oklahoma farm and ranch news update.
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Featured Story:
US Beef's International Success Boils Down to Two Things: Its Great Taste and Good Trade Deals
When it comes to export destinations for US beef, South Korea is No. 2 with a bullet. Kent Bacus is director of international trade and market access for the National Cattlemen's Beef Association and said recently that while much of the US beef industry's success in Korea can be attributed to customers there simply loving the taste of American beef, it is also in large part thanks to the fruitful trade deal that was brokered between the two countries several years ago.
"The Korea Free Trade Agreement is a prime example of how trade agreements can benefit US agriculture. When you look at our sales prior to the implementation of the Korea Free Trade Agreement, we were already starting to trend up, but we still ran into this massive 40 percent tariff that really limited our potential there," Bacus said. "We were subject to more competition from cheaper sources, countries like Australia."
Since then, however, Bacus says we have come a long way in our trade relationship with Korea under the favorable terms of the KORUS trade treaty which has and over time will continue to ratchet down the existing tariff in place until it is fully eliminated in 2026. In effect, the US has managed to capture large portions of Korea's high-end beef markets and essentially pushed Australia and other competitors out. This has been such a success, in fact, that the US is now rated Korea's No. 1 source of beef imports. Bacus points to the latest US meat export report for August that was recently released from the USDA. Based on this data and his experience in the business, the industry seems to be on track to surpass last year's record setting export pace with no end to the mounting momentum in sight.
"Keep in mind, this is a growing market. These consumers love beef- they love our beef," he said. "We've come a long way in the last ten years and we still have a lot of potential in that market."
Listen to Bacus discuss the success that has been fostered under the KORUS trade agreement, on yesterday's Beef Buzz - click here.
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Sponsor Spotlight
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The 36th annual School Land Trust lease auctions will begin October 15, 2018 in Beaver County and conclude October 30, 2018 in Shawnee. This year's fall lease auctions will include a total of 550 tracts across 36 counties.
This week - we talked with the Secretary of the School Land Commission Harry Birdwell about the legacy of the School Land Commission that stretches back to statehood- with the land that the Commissioners oversee found in what was Oklahoma Territory. He spoke to us about the history of this program and the return on investment that it has given back to Oklahoma's education system.
We have details on all the auctions coming up on our website's calendar page- and audio of the conversation that we had with Harry about the School Land Commission and the land and resources they manage. Click here to read and to listen.
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The U.S., Mexico, and Canada trade negotiators have reached an agreement to update, modernize, and replace the trilateral North American Free Trade Agreement (NAFTA). If ratified and approved by the three countries, the new trade deal will be called the U.S.-Mexico-Canada Agreement (USMCA). The agreement is likely to have different implications in several key regional industries and sectors; including automotive, manufacturing, financial services, energy, pharmaceutical, and food and agriculture. If ratified and approved by the three countries, the new trade deal will be called the U.S.-Mexico-Canada Agreement (USMCA).
Rabobank recently compiled a report containing a short summary and key highlights of the potential agreement where it relates to food and agriculture. To review this report in its complete form, check out the full story or on our website, here.
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We caught up with OSU Grain Market Economist Dr. Kim Anderson this week to talk about his expectations for Oklahoma's wheat crop as we continue into planting season here across the Sooner State and what strategies he recommends farmers take as they consider their marketing decisions.
For producers with grain from the 2018 crop still leftover that can afford a 50 cent price risk- Anderson's advice is to take a gamble on the market and wait to sell until sometime around the beginning of the new year once Russia has cleared its bins. He predicts the market will present an opportunity sometime between December and January. Looking ahead to next harvest, however, Anderson says there will again be a major opportunity to capture wheat's full profit potential- but says it will require producers to commit to managing their crops for high quality characteristics.
"We're going to come into '19 with very little protein and poor-quality wheat in the bins. They're going to need a quality product. If producers will produce better than 12.5 percent protein and better than 60 lb. average test weights, the market is going to buy it," he said. "The market rewards us for protein."
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Sponsor Spotlight
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And- their iPhone App, which provides all electronic futures quotes is available at the App Store- click here for the KIS Futures App for your iPhone.
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According to Heather Buckmaster, executive director of the Oklahoma Beef Council, the Cattlemen's Beef Board Operating Committee met recently to set the Checkoff's budget for the coming year. Buckmaster says those on the committee have chosen to invest $40.5 million during 2019 in programs of promotion, research, consumer information, industry information, foreign marketing and producer communications.
"I think what's always important to remember is that the decisions made, are made by beef producers," Buckmaster said, explaining that the committee consists of ten producers from the Beef Board and ten producers from the Federation of State Beef Councils. "They're the ones that wade through the different proposals and they work very hard to make the best decisions for producers."
To hear Buckmaster review this year's budget more in depth or for more stories about what your Beef Checkoff is doing, click here to listen to the latest addition in our Checking In on the Beef Checkoff series.
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At a public listening session hosted by the Federal Motor Carrier Safety Administration (FMCSA), the National Cattlemen's Beef Association (NCBA) yesterday called for additional flexibility on Hours of Service rules for livestock haulers. The group's representatives emphasized the need for a regulatory framework that encourages drivers to rest when they are tired. "In the livestock hauling world, common sense flexibility is everything," said NCBA Executive Director of Government Affairs Allison Rivera. "This need for flexibility comes from the fact that livestock haulers not only have to be concerned with the safety of themselves and other drivers on the road, but also the welfare of the live animals they are transporting."
NCBA President Kevin Kester stated that "The current Hours of Service framework is incompatible with the realities of livestock hauling," and encouraged FMCSA to provide livestock haulers with the flexibility of a split sleeper berth program that would allow for multiple shorter periods of rest.
Click here to read the complete statement from NCBA on this matter and the proposal the group has submitted on behalf of livestock haulers.
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Want to Have the Latest Energy News Delivered to Your Inbox Daily?
Award winning broadcast journalist Jerry Bohnen has spent years learning and understanding how to cover the energy business here in the southern plains- Click here to subscribe to his daily update of top Energy News.
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ODAFF Invites Area Communities to Participate in Unwanted Pesticide Disposal Program in Lawton
The Oklahoma Department of Agriculture, Food and Forestry is funding a program to help collect and properly dispose of unwanted pesticides. All Oklahoma commercial and non-commercial applicators and pesticide dealers as well as farmers and ranchers and homeowners are encouraged to participate.
There is no cost for the first 2,000 pounds of pesticides brought in by a participant. However, dealers are asked to pre-register to allow the contractor time to plan appropriately.
ODAFF has scheduled collection sites around the state this year. The upcoming even though will happen in Lawton, OK between 8:00 am and 1:00 pm on Tuesday, October 30, 2018 at the Comanche County Fairgrounds located at 920 SW Sheridan.
For more information about this event and how to register, you can click over to our website here.
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Rain and Snow and Freezing Temps- Oh My...
Cruising around Twitter this morning- weather graphics are everywhere- and three that have jumped out at me include all three elements in our title above.
First- raindrops keep falling on my head- and DTN Meteorologist Bryce Anderson offers up his map of precipitation for the next seven days- and Oklahoma continues to have our cup running over:
Now- for the snow- we turn to a graphic of rising chance of snow in the Panhandle and Northwestern Oklahoma sooner than normal- courtesy of Jed Castles of News9-
It appears that Oklahoma currently will get "dusted" from this system by the end of the weekend-
More serious is the prospect that our first freeze is being set up for the morning of October 16th- Again, from Jed Castles- the nine day forecast that includes precip and temps in the 30s:
October 16th would be easily two weeks earlier than normal for first freeze- the "average" first freeze date is around November 4th.
Northern parts of Oklahoma may actually experience their "first freeze" the morning before- October 15th. |
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Our thanks to Midwest Farms Shows, P & K Equipment, Livestock Exchange at the Oklahoma National Stockyards, Oklahoma Farm Bureau, Stillwater Milling Company, National Livestock Credit Corporation, Oklahoma Beef Council, Oklahoma AgCredit, Oklahoma Pork Council, the Oklahoma Cattlemens Association, and KIS Futures for their support of our daily Farm News Update. For your convenience, we have our sponsors' websites linked here- just click on their name to jump to their website- check their sites out and let these folks know you appreciate the support of this daily email, as their sponsorship helps us keep this arriving in your inbox on a regular basis- at NO Charge!
We invite you to check out our website at the link below too that includes an archive of these daily emails, audio reports and top farm news story links from around the globe.
God Bless! You can reach us at the following:
phone: 405-473-6144
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